Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore... see more

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CGX Energy Inc > Fired

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Post by chulo123 on Nov 09, 2021 8:19am

Fired

This news means she was fired. I wonder what is coming with the options she had, or actually has?

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Comment by Dirksidetrack on Nov 09, 2021 8:34am

I say let her keep them. Part of her compensation package. A deal is a deal.

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Comment by Rapsani on Nov 09, 2021 8:52am

Stock options (unlike shares), vested or not, typically do not follow an employee that has left the company. Of course she could have different terms and we'll see them on future financial reports. I personally believe they don't carry forward because imagine if they did.. she could offload them anytime causing additional harm to the company. Think Alba would get ...more

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Comment by jtdd on Nov 09, 2021 8:57am

I hope the $120k serves her well! Wasn't her salary half a mil US? IDIOT!!

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Comment by soulfire on Nov 09, 2021 9:02am

Well you have to feel bad for someone being let go by a company (in this case they reported she quit). Frankly speaking she did not do her job. She does not answer the phone or reply to emails. She let the WEI-1 slip, she sold shares at the worst time possible and then takes off on vacation. I say it's about time they hire some professional people to run this company. What about Suresh??? GLTA

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